Dean Foods announces Dairy Farmers of America as Winning Bidder
A big announcement yesterday, from Dean Foods, delivered the news that Dairy Farmers of America has been named as the winning bidder to acquire a substantial portion of Dean Foods’ business operation.
Following a comprehensive sale process and a competitive auction, Dairy Farmers of America will acquire the assets, rights, interest and properties relating to 44 of the Company’s fluid and frozen facilities for $443 million.
Eric Beringuase, President and Chief Executive Officer of Dean Foods stated “ We are pleased that through these transactions, substantially all of our processing assets will continue to operate as dairies and will be owned by our dairy farmer partners with the resources, experience and industry expertise to continue to succeed in the current market environment.”
While the big news is causing a shift within the Dairy Industry, Dean Foods are committed to continuing to deliver high quality dairy products, despite the changes occurring.
